CG vs IVZ: Correlation
Measured on weekly returns over the past three years, The Carlyle Group Inc. (CG) and Invesco (IVZ) carry a correlation of 0.68, a strong link.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are CG and IVZ?
On 3 years of weekly data the CG/IVZ correlation comes out at 0.68, strong. The relationship has been stable: the 1-year correlation (0.65) sits close to the 3-year figure. The 5-year figure is 0.65, and annualized covariance runs at 812.9 %².
Within CG's tracked universe of 21 assets, IVZ comes in at #8 by 3-year correlation. The last year tells two different stories: IVZ led by 77.7 percentage points, -21.8% for CG against +55.9% for IVZ.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
CG vs IVZ: side by side
| CG (The Carlyle Group Inc.) | IVZ (Invesco) | |
|---|---|---|
| 1-year return | -21.8% | +55.9% |
| 5-year return | +18.0% | +63.7% |
| Volatility (ann.) | 36.8% | 32.6% |
| Beta vs S&P 500 | 1.68 | 1.29 |
| Max drawdown (3Y) | -40.4% | -36.5% |
| Market cap | $17.5B | $14.7B |
| P/E (trailing) | 50.8 | – |
| Dividend yield | 2.86% | 2.58% |
| Sector / category | US Listed | Financials |
Year-by-year returns
| Year | CG | IVZ |
|---|---|---|
| 2022 | -43.8% | -18.7% |
| 2023 | +42.6% | +4.2% |
| 2024 | +28.1% | +3.0% |
| 2025 | +20.2% | +56.9% |
| 2026 | -14.9% | +29.7% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are CG and IVZ good diversifiers for each other?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
FAQ
What is the correlation between CG and IVZ?
As of 2026-08-27, the correlation of weekly returns between CG and IVZ is 0.68 over 3 years, 0.65 over 1 year and 0.65 over 5 years.
Is IVZ a good diversifier for CG?
To a limited degree. At 0.68 the two still catch most of the same waves, so the pair smooths returns a little without insulating either from a shared selloff.
What does a correlation of 0.68 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/cg-vs-ivz.json
Drop this badge in a README or notebook; it updates with the data:
[](https://www.pairbook.io/pair/cg-vs-ivz/)
Free with attribution; caching and terms are described in the API documentation.
Related comparisons
Hubs: CG correlations · IVZ correlations
